Key ingredients needed for a successful Tech cluster

I have been following a certain thought leader on entrepreneurship/tech clusters over the past several months; every post he sends out into the Twittersphere and blog world is laden with value and insight, his name: Vivek Wadhwa

Vivek Wadhwa

In an article he wrote for Bloomberg Business ‘Top-Down Tech Clusters Often Lack Key Ingredients‘ Vivek highlights key aspects to successful tech clusters as well as noting his opinion on Russia’s plans to ‘create’ this cluster, which he believes will not work in the long run..

So what does he believe is necessary for the establishment of a sustainable Tech cluster that can rival Silicon Valley? Read below:

“To build the next wave of successful clusters, governments should provide creative, risk-taking entrepreneurs with the means to start companies and build networks. They should provide seed financing and tax breaks for entrepreneurs, welcome skilled immigrants, and improve educational resources. That’s the formula for nurturing entrepreneurship.”

And the best thing is – Siliconcape is on the right track on achieving this! Time will tell..

Vivek Wadhwa is a Visiting Scholar at UC-Berkeley, Senior Research Associate at Harvard Law School, and Director of Research at the Center for Entrepreneurship and Research Commercialization at Duke University. You can follow him on Twitter at “@vwadhwa” and find his research at www.wadhwa.com.